55 Sansome Avenue – Property Summary
1. Key Characteristics & Buyer Profile
This 1,113 sqft single-family home sits on a notably large 5,814 sqft lot. Built in 1962, it is an older home in Winnipeg’s Westwood neighbourhood. The lot size is the property’s strongest feature: on its own street, it ranks in the top 30% for land area, well above the street average of 5,792 sqft and the neighbourhood average of 6,491 sqft. The home itself is slightly smaller than nearby properties (ranked in the top 75% on the street), and its assessed value at $337k is below both the street and neighbourhood averages. Citywide, the property is around average for size, value, and age.
Where the appeal lies: The main draw is the generous yard and lot, not the house itself. This makes it a strong candidate for buyers who prioritize outdoor space—gardening, storage, or future expansion—over immediate interior square footage. The assessed value is relatively low for the neighbourhood, which may appeal to buyers looking for a more affordable entry point into Westwood.
Who it suits: Buyers who are comfortable with an older home that needs updating, or who plan to renovate or extend. Also suitable for those who value a larger lot in a central Winnipeg area and are willing to accept a smaller, dated floor plan in exchange.
2. Frequently Asked Questions
1. How does the lot size compare to other homes in the area?
The lot (5,814 sqft) is above average for the street and around average for the surrounding neighbourhood and city. On Sansome Avenue specifically, it ranks in the top 30%, meaning it is larger than most homes on the same street.
2. Is the home’s assessed value below market value?
The assessed value ($337k) is below the street average ($356k) and well below the neighbourhood average ($392k). However, assessed value is not the same as market price—it reflects the city’s valuation for tax purposes. This could suggest the home is priced affordably relative to its neighbours, but buyers should always compare with recent sale prices in the area.
3. What is the condition of a home built in 1962?
The year built analysis shows the home is around average age for its street and city, but slightly older than the Westwood neighbourhood average. This suggests it may have original systems or finishes that need attention. A home inspection is recommended, particularly for plumbing, electrical, and insulation, which are common in homes of this era.
4. How does the living area compare to similar homes?
At 1,113 sqft, the living area is below average for both the street (avg 1,244 sqft) and neighbourhood (avg 1,372 sqft). It ranks in the bottom 25% on Sansome Avenue. Buyers wanting more interior space should expect to renovate or add on.
5. Why is the property ranked differently at the street, neighbourhood, and city level?
The rankings compare the home to three different groups. On the street, it competes with 93 nearby homes; in Westwood, with 2,523 homes; citywide, with over 194,000. The home’s lot size stands out best at the street level, while its living area and value are more average when compared citywide. This means the home is relatively stronger within its immediate block than in the broader market.